Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F: New $67M Stake in SNDK

Fjarde Ap-Fonden / Fourth Swedish National Pension Fund opened a new position in Sandisk Corporation (SNDK), acquiring 38,520 shares valued at about $67.0 million. This action was disclosed in a filing on October 15, 2026.

What Changed in Fjarde Ap-Fonden's Sandisk Position

Fjarde Ap-Fonden's latest filing shows it took a new position of 38,520 shares in Sandisk Corporation. Previously, it held no shares in the company, marking this acquisition as a significant entry into the stock.

Other Institutional Activity in Sandisk

In the latest quarter, other institutional investors made notable adjustments to their Sandisk holdings. Blackrock Inc. reduced its stake by 108,196 shares, bringing its total to about 10.3 million shares valued at approximately $13.4 billion. Vanguard Capital Management LLC added 141,942 shares, increasing its holdings to about 9.7 million shares worth around $12.6 billion. FMR, LLC cut its position significantly, selling 5.5 million shares to hold approximately 7.9 million shares valued at about $10.2 billion. State Street Corporation increased its holdings by 353,395 shares, resulting in about 5.9 million shares with a value around $7.7 billion. Invesco Ltd. grew its position by 4.4 million shares, bringing its total to about 5.6 million shares worth roughly $7.3 billion.

Sandisk Corporation Stock Down 6.3%

As of October 16, 2026, Sandisk shares recently traded around $1,315.60. This price is below the 50-day moving average by about 17.3% and significantly lower than the 52-week high, which was $2,354.39. The stock is currently 865.3% above its 52-week low of $136.29. Analysts have set a mean price target of $2,173.00, indicating the stock is also below this target by approximately 39.5%.

Recent Earnings

Sandisk reported revenue of about $20.2 billion over the trailing twelve months, showing a year-over-year revenue growth of 371.6%. The company has an impressive net margin of 56.5% and a return on equity of 91.6%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Sandisk Corporation

Recently, several insiders at Sandisk sold shares. Bernard Shek, an officer, sold 2,308 shares at an average price of $1,767.33, totaling about $4.1 million on September 8, 2026. CEO David V. Goeckeler sold 33,838 shares on September 14, 2026, valued at approximately $51.7 million. Additionally, on September 15, CFO Lomelin Luis Felipe Visoso sold 1,000 shares for about $1.6 million at a price of $1,568.83.

Analysts Set New Price Targets

Analysts have maintained various ratings for Sandisk. On August 14, 2026, RBC Capital maintained a "Sector Perform" rating with a price target of $1,600. Wells Fargo also maintained an "Equal-Weight" rating with a target of $1,550. Mizuho has an "Outperform" rating and has adjusted its target to $2,050 on October 6, 2026. The consensus among 24 analysts suggests a favorable outlook with a mean price target of $2,173.00.

About Sandisk Corporation

Sandisk Corporation develops and sells data storage devices and solutions using NAND flash technology. Headquartered in Milpitas, California, the company operates globally, serving various markets in the technology sector. This new position by Fjarde Ap-Fonden reflects growing interest from institutional investors as they assess Sandisk's strong revenue growth and high profit margins.

Bottom Line

Investors should watch for Sandisk's upcoming earnings report on October 29, 2026, which may provide more insight into its financial performance. Fjarde Ap-Fonden's new stake reflects changing dynamics among institutional investors, which may influence future trading activity in the stock. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.